BeInCrypto recently spoke to well-known cryptocurrency commentator “The Moon Carl” to hear his thoughts on where the market is going during these dangerous times.
Carl Eric Martin, often referred to simply as “The Moon”, is a well-known YouTuber and cryptocurrency commentator. He makes videos every day and is one of the most outspoken bullsin the industry.
Here at BeInCrypto we have been dealing with The Moon for some time. In October, The Moon said that the next surge in Bitcoin is likely to hit $ 200-300,000. The Moon has repeatedly emphasized that Bitcoin has hit lows every year since its release in 2009.
However, the market crisis will test Bitcoin like never before. The Moon recently spoke to BeInCrypto about what the future of the market could look like.
“Central banks are printing like never before”
Regarding the ongoing crisis, The Moon sees two main problems on the horizon: high levels of debt and low (sometimes even negative) interest rates from central banks.
This mountain of debt, the moon says, “will inevitably come down again.” He argues that we are seeing this now; While he previously viewed COVID-19 as the pen that bursts this bubble, he now says it’s more like a rocket launcher.
All central banks, not just the Federal Reserve, buy assets in record amounts. As The Moon emphasizes, these banks are also buying corporate bonds for the first time. Indeed, it is a last effort to save the economy, he argues, because they know very well what will happen if they don’t: break down. The moon predicts that central banks will soon have no choice but to buy stocks to save the financial markets. This will ultimately lead to inflation and, if not controlled, hyperinflation.
“We see something that has never happened before,” he said, and no matter how dangerous the virus is, the fear is palpable. It brings a demolition ball into the global economy and reveals its core. However, as this bubble bursts, Bitcoin is expected to show extreme volatility in the short term. However, as the moon points out, this shouldn’t make us hesitate about its basics.
“Bitcoin has never been so oversold”
The current crisis has overshadowed Bitcoin’s expected upward momentum before halving. As The Moon told us, Bitcoin has never been so oversold before a halving event. According to The Moon, this is a clear buy signal.
However, due to the unique variables in play this time, The Moon expects the bull market cycle to really start from half in a year or more. According to The Moon, “these cycles seem to be prolonging.” As Bitcoin matures as an asset, we need to look at a broader time frame. According to The Moon, now is the time to buy Bitcoin as the situation is very serious.
Regardless of the hectic global situation, The Moon still manages to make videos at the speed it has always been. This is because his last passion remains to educate people about sound monetary policy. Even in times like these, he has been able to build a committed following of Bitcoin believers.
So when everything is said and done, the global situation is tense. The bubble can burst. For The Moon, however, this could finally give way to a world of solid money management. One in which saving instead of debt financing is hopefully the operational logic of the future. It is this type of vision that keeps The Moon going, as he explained in this exclusive BeInCrypto interview.
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